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[mage lang=”en|es|en” source=”flickr”]short sale house[/mage]Is buying a house short sale is always a good deal?
And there's a way to get a list, or find a way to find these simply? What are some of the falls? I'm doing this to buy RE rental income. I am not a broker, agent, etc, just a regular guy in search a good investment, and possibly to buy a house for me to live in as well.
There is no kind of property that is "always a good business. "properties for sale are young households that have loans that are worth more than the house is. These sellers are asking their lenders to accept unless they should sell the house. No lender is going to let go of a cheap house unless absolutely necessary. There is a possibility that you will get a lender to dump highly motivated the house to get everything to it, but that is the case for any type of property in a declining market. Your best bet is to follow a neighborhood. Learn int-area homes and track them when they go on the market and when they sell. Start writing offers on homes as a midwife available and after having been on sale for more than 120 days. Do not discriminate between types of homes! look at new homes, resale, REO (foreclosed) and short sale. Get a good eye for value (know your market) – which is the only way to recognize good opportunities.
Fort Worth Home Real Estate Short Sale Stopping Foreclosures
